Rhumbline Advisers Decreases Holdings in OSI Systems, Inc. (OSIS)
Rhumbline Advisers cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,752 shares of the technology company’s stock after selling 2,826 shares during the quarter. Rhumbline Advisers owned 0.19% of OSI Systems worth $2,687,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Ameritas Investment Partners Inc. purchased a new position in shares of OSI Systems in the first quarter worth $110,000. Victory Capital Management Inc. increased its stake in shares of OSI Systems by 138.6% in the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock worth $136,000 after buying an additional 1,085 shares during the period. State of Alaska Department of Revenue increased its stake in shares of OSI Systems by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 2,010 shares of the technology company’s stock worth $146,000 after buying an additional 60 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of OSI Systems by 13.7% in the first quarter. Asset Management One Co. Ltd. now owns 2,330 shares of the technology company’s stock worth $170,000 after buying an additional 280 shares during the period. Finally, Emerald Advisers Inc. PA purchased a new position in shares of OSI Systems in the second quarter worth $207,000.
OSI Systems, Inc. (OSIS) opened at 82.39 on Monday. OSI Systems, Inc. has a 52 week low of $62.22 and a 52 week high of $86.14. The company has a 50 day moving average of $80.71 and a 200 day moving average of $76.65. The stock has a market capitalization of $1.60 billion, a P/E ratio of 77.00 and a beta of 0.75.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, August 24th. The technology company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.09. OSI Systems had a return on equity of 10.57% and a net margin of 2.19%. The company had revenue of $252.40 million for the quarter, compared to analyst estimates of $253.58 million. During the same quarter in the prior year, the firm posted $0.55 EPS. OSI Systems’s quarterly revenue was up 14.0% compared to the same quarter last year. Equities analysts expect that OSI Systems, Inc. will post $3.46 EPS for the current fiscal year.
Several brokerages recently commented on OSIS. BidaskClub raised shares of OSI Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. B. Riley set a $92.00 target price on shares of OSI Systems and gave the stock a “buy” rating in a research note on Sunday, August 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 target price on shares of OSI Systems in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Thursday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $97.00 target price on shares of OSI Systems in a research note on Tuesday, August 29th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $91.43.
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About OSI Systems
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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